Montana Code 30-14-1102. Definitions
30-14-1102. Definitions. As used in this part, unless the context requires otherwise, the following definitions apply:
Terms Used In Montana Code 30-14-1102
- Agreement: means any writing that is substantially prepared in advance of a consumer transaction and which a seller, lessor, or lender furnishes to a consumer for the consumer to sign in connection with that transaction. See Montana Code 30-14-1102
- Consumer: means an individual who borrows money or leases or obtains property or services under a written agreement. See Montana Code 30-14-1102
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
- Person: includes a corporation or other entity as well as a natural person. See Montana Code 1-1-201
- Property: means real and personal property. See Montana Code 1-1-205
- Writing: includes printing. See Montana Code 1-1-203
(1)”Agreement” means any writing that is substantially prepared in advance of a consumer transaction and which a seller, lessor, or lender furnishes to a consumer for the consumer to sign in connection with that transaction.
(2)”Consumer” means an individual who borrows money or leases or obtains property or services under a written agreement.
(3)”Consumer contract” means an agreement for the sale, lease, or loan of money, property, or services primarily for personal, family, or household purposes.
(4)”Seller, lessor, or lender” means a person who regularly sells, lets, or lends in connection with consumer contracts.